PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Metro Pacific plans more mall clinics

Published on Monday, 27 May 2013 00:00 [ ]
Metro Pacific Investments Corp. sees an opportunity to expand its hospital business into clinics in malls  as the company works to complete its latest hospital acquisition.
Augie Palisoc, Jr., MPIC executive director and head of the MPIC Hospital Group, said that as the company wraps up the requried paper works for the 51-percent acquisition of De Los Santos-STI Medical Center (DSL-STI), they are also looking into the possibility of venturing into the non-hospital based independent diagnostic center, of which DSL-STI already has a presence.
“With DLS-STI comes its affiliate, De Los Santos – STI Megaclinic, Inc. (Megaclinic), which is a mall-based diagnostic clinic. We are looking if we could expand it,” said Palisoc.
Megaclinic’s presence in Megamall is a 2,000 square meter ambulatory and diagnostic center considered to be the largest in the country in this category.
Palisoc said they are close to finalizing the deal that will give them a majority control in the 150 bed hospital, founded in 1973 by the late Dr. Jose V. De Los Santos, Sr., considered the father of Philippine Orthopedics.
If completed, DLSMC will become the 7th in MPIC’s growing nationwide chain of hospitals in the Philippines, bringing MPIC’s total bed capacity to approximately 2,000 beds.
MPIC started with an investment in Makati Medical Center, followed by Davao Doctors Hospital, Cardinal Santos Medical Center, Riverside Medical Center, Our Lady of Lourdes Hospital, and most recently the Asian Hospital and Medical Center.
Jose Ma. K. Lim, Metro Pacific president, meanwhile said negotation is also in the works to acquire a 200 bed hospital in Tarlac, the next in the plate of Metro Pacific’s hospital group.
Lim however declined to identify the identity of the hospital.

real estate central philippines
Copyright ©2008-2018